India prepares response to Trump’s trade salvo



Seema Mody | CNBC

President Donald Trump’s decision to end India’s preferential trade status comes at a politically sensitive moment for the emerging market nation which is struggling with two domestic challenges.

First, is the upcoming election where it is unclear whether Prime Minister Narendra Modi will remain the leader of the world’s largest democracy. Modi’s Bharatiya Janata Party is fending off challenges from the opposition party known as Congress as well as rising regional parties.

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